Oil Balances Are 'Concerning' for 2020, Says Mizuho Securities' Sankey

The video discusses the global oil demand forecast, highlighting a potential drop below one million barrels per day of growth, contrasting with earlier higher estimates. It examines the impact of the US dollar on oil prices, noting a reverse correlation. The video also covers Iranian tanker seizures, which have not significantly affected the market due to spare capacity. Lastly, it explores the effectiveness of US sanctions on Iran, considering China's potential circumvention and the broader market implications.

What was the initial forecast for global oil demand growth before it was revised downwards?

• 1.7 million barrels a day

• 1.0 million barrels a day

• 0.5 million barrels a day

• 2.0 million barrels a day

How does a strong US dollar typically affect oil prices?

• It has no effect on oil prices

• It stabilizes oil prices

• It decreases oil prices

• It increases oil prices

What percentage of world oil trade is conducted in US dollars?

• 50%

• 70%

• 90%

• 100%

What is the perceived risk in the oil market due to Iranian tanker seizures?

• Moderate risk due to geopolitical tensions

• No risk due to ample spare capacity

• Low risk due to increased demand

• High risk due to lack of spare capacity

Which country is reported to be circumventing US sanctions on Iranian oil?

• India

• Brazil

• Russia

• China